Business
P2 Gold Announces C$7.5 Million Financing by Strategic Investor
VANCOUVER, BC, April 22, 2026 /CNW/ - P2 Gold Inc. ("P2" or the "Company") (TSXV: PGLD) reports that it intends to complete a non-brokered private placement
About this update from P2 Gold Inc.
[{"type":"text","content":" VANCOUVER, BC, April 22, 2026 /CNW/ - P2 Gold Inc. (\"P2\" or the \"Company\") (TSXV: PGLD) reports that it intends to complete a non-brokered private placement of 10 million units (the \"Units\") at a price of $0.75 per Unit for gross proceeds of $7,500,000 (the \"Offering\") to The Quaternary Group Limited (\"Quaternary Group\"). Each Unit will consist of one common share in the capital of the Company (an \"Offering Share\") and one common share purchase warrant (a \"Warrant\"). Each Warrant will entitle the holder to purchase one additional common share in the capital of the Company at an exercise price of $1.50 per common share for a period of two years after the date of issue. The Offering will close on completion of documentation and is conditional upon receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange (the \"Exchange\"). The proceeds of the Offering will be used to fund exploration and development expenditures at the Gabbs Project in Nevada and for general corporate purposes. P2 is pleased to announce the increase in holdings by Quaternary Group and values their investment as a strong vote of confidence in its Gabbs Project. All securities issued pursuant to the Offering will be subject to a four-month hold period. The securities to be offered in the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the \"U.S. Securities Act\") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. Required Early Warning Report Disclosure Pursuant to the terms of the Offering and upon closing of the Offering, Quaternary Group will have acquired an aggregate of 10 million Units at a price of $0.75/Unit. Each Unit is comprised of one Share and one Warrant. Immediately prior to the closing of the Offering, Quaternary Group owned 15 mil...